Industrial equipment distributor OTC Industrial Technologies acquired Premier Equipment Corporation, Inc. (PEC) and Premier Control Systems, LLC. (PCS) — both in Baton Rouge, LA.
Terms of the transactions were not disclosed.
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Established in 1965 as Young and Associates, PEC is a distributor of rotating equipment, serving the petrochemical, oil and gas industries. The company offers customers a range of products, equipment and services, including rotating equipment, air compressors, blowers, pumps, cooling towers and epoxy grout. PEC offers preventative maintenance, repairs and downtime failure analysis to its customers.
Meanwhile, PCS designs, fabricates, programs and installs PCL, electronic, pneumatic and electrical control panels for its customers. The company serves a range of sectors, including those in the oilfield, electrical power and petrochemical industries.
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“Our companies are thrilled to be joining forces with OTC, a leader in the industries we serve,” PEC and PCS President Patrick Young said in a February news release. “This partnership brings exciting opportunities to expand our products and services provided to our customer base along the Gulf Coast and the Permian Basin. Together with OTC, we will continue our growth in the future.”
OTC gains six locations across Louisiana and Texas through the acquisitions, also bringing its total number of employees to over 2,000 and its operations to over 70 locations and 60 service shops across the U.S.
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OTC was No. 28 on MDM’s 2024 Top Industrial Distributors List, and No. 6 for Power Transmission/Bearings Distributors.
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